Prelios S.p.A. (PRS.MI)


Milan - Milan Delayed Price. Currency in EUR
0.08+0.00 (+1.41%)
As of 3:08 AM EDT. Market open.
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1d
Open0.08
Prev Close0.08
Bid0.08 x
Ask0.08 x
Day's Range0.08 - 0.08
52wk Range0.07 - 0.35
1y Target EstN/A
Market Cap107.9M
P/E Ratio (ttm)-1.32
BetaN/A
Volume224,833
Avg Vol (3m)2,434,722
Dividend & YieldN/A (N/A)
Earnings DateN/A
  • Reuterslast year

    Italian property company Prelios is M&A target, says CEO

    Italy's Prelios is a potential merger or acquisition target, its CEO said on Friday as the property company detailed a plan to spin off real estate investments to cut debt and focus on its core services business. Prelios, once part of industrial group Pirelli, is going through a shareholder reshuffle and Italian newspaper Corriere della Sera reported last month that U.S. private investment firm Starwood Capital, George Soros's Quantum Strategic Partners fund and property company CBRE Group have informally expressed interest in buying significant stakes. "You have to ask shareholders ... anyway, the company is a target," Prelios CEO Sergio Iasi said on an analyst call when asked about recent media speculation.

  • Reuters2 years ago

    UniCredit seals deal to sell bad loan unit to Fortress

    UniCredit has signed a deal to sell its UCCMB bad loan management unit and a pool of non-performing loans to U.S. investment firm Fortress Investment Group, as the Italian bank sheds non-core assets to boost its balance sheet. UniCredit said on Thursday the bad loan portfolio being sold had a gross book value of 2.4 billion euros ($2.7 billion). Earlier this month, sources close to the matter told Reuters a consortium led by Fortress would pay about 500 million euros in one of the biggest transactions on distressed debt in Italy for several years. UniCredit said on Thursday it would work with Fortress and Italian real estate firm Prelios to service some loans and it expected recovery would improve.

  • Reuters2 years ago

    UniCredit seals deal to sell UCCMB unit to Fortress

    Italian bank UniCredit has signed a deal with U.S. investment firm Fortress Investment Group to sell its UCCMB bad loan management unit together with a pool of non-performing loans with a gross book value of 2.4 billion euros ($2.7 billion). The company said in a statement on Thursday that as part of the deal Fortress and Italian real estate firm Prelios had agreed to cooperate as industrial partners in the servicing of certain loans. The deal is part of UniCredit's strategy to exit its non-core business in Italy.